Lisa Barton

Another piece of good news is that the number of new listings dropped by 20.2% from 658 to 525 and the average days on the market decreased by 21% to 113 days. Overall inventories of house and condos also showed improvement, dropping 13.1% and 32.9%, respectively. The median sales price increased by 33% from $275,238 to $366,000. The increase was, however, largely driven by the much higher median sales price in Ponte Vedra Beach, and should be viewed with caution.

Sales indicators in S. Ponte Vedra (which includes Vilano Beach and Palm Valley) - were mixed with new listings down by 18% (good news) but with number of sales dropping by 20% (not so good news). Median sales prices declined by 16.3% to $349,450.  In NE St Johns County, West of the Intracostal, closed sales were off 51%, with only a total of only 24 sales in the quarter. Median sales prices, however, rose 11% to $261,995. The median sales price increased by 33% from $275,238 to $366,000. The increase was again, largely driven by a few very expensive home sales, so these statistics should be viewed with caution.

* based on NEFAR MLS statistics